Funding arb · Price arb /

ANIME

all ANIME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Binance−0.018%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$126as in the Price arb table

costs, in and out, $10k−$1281.279% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 4 days (all we have)−0.064%−$6 · spread now −0.018%, 7d avg −0.040%

Together, before fees−0.003%$0 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.022% dearer against Binance than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ANIMEUSDT	0.003342	0.0100	pay 0.0050% / 4h	2h 43m	$1.3M	$1.6M	20x
Short	Bitget ANIMEUSDT	0.003341	0.0100	get 0.0050% / 4h	2h 43m	$854K	$149K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee BitgetbpOrdersPrice spread, now −0.018%Rate

Funding earned: $0
Price spread: −0.018% → −0.040%: $2.21
Slippage, 4 orders: −$105.93
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$125.73
Costs to cover: 1.279%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; Bitget: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 4 min ago	1.50 bp	36.6 bp −$37	380.8 bp −$3,808	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	4.49 bp	32.0 bp −$32	188.8 bp −$1,888	doesn't fit	doesn't fit

ANIME on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ANIMEUSD	−0.0041%	1h	0.003342	+0.004%	$33K	$1K	10x	as long as short
Hyperliquid ANIME	+0.0100%	1h	0.003340	−0.048%	$291K	$84K	3x	as long as short
Aster ANIMEUSDT	+0.0100%	4h	0.003345	+0.089%	$27K	$3K	5x	as long as short
Binance ANIMEUSDTlong	+0.0100%	4h	0.003342	long leg	$1.3M	$1.6M	20x
Bybit ANIMEUSDT	+0.0100%	4h	0.003343	+0.042%	$685K	$269K	25x	as long as short
OKX ANIME-USDT-SWAP	+0.0100%	4h	0.003337	−0.138%	$428K	$507K	20x	as long as short
Gate ANIME_USDT	+0.0100%	4h	0.003336	−0.168%	$139K	$55K	25x	as long as short
MEXC ANIME_USDT	+0.0100%	4h	0.003341	−0.018%	$206K	$88K	20x	as long as short
KuCoin ANIMEUSDTM	+0.0100%	4h	0.003341	−0.018%	$437K	$58K	20x	as long as short
Bitget ANIMEUSDTshort	+0.0100%	4h	0.003341	−0.018%	$854K	$149K	10x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ANIME-USDT	+0.0100%	4h	0.003340	−0.048%	—	$6.5M	—	as long as short
Variational Omni ANIME	+0.0100%	4h	0.003341	−0.021%	$11K	$553	—	as long as short
GMX ANIME/USD [ANIME-USDC]	L +0.0497% / S −0.2017%	1h	0.003342	+0.012%	$817	—	100x	as long as short